Funding you earn now, next payment 03:00 UTC+0.0390%/8h= +42.8% APRpaid last 24h +0.084%
Price spread now: Kraken Futures against HTX−0.101%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1081.082% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.101%, 7d avg +0.063%
=Funding pays, the price is against you. Kraken Futures is 0.163% cheaper against HTX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.063%). If the spread goes back, that is −$16 on $10k: about 33 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.017% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OP-USDT | 0.1266 | 0.0100 | pay 0.0100% / 8h | 5h 06m | $175K | $216K | 50x |
| Short | Kraken Futures PF_OPUSD | 0.1265 | 0.0490 | get 0.0061% / 1h | 6m 53s | $798K | $572K | 20x |
HTX OP-USDT
Kraken Futures PF_OPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $82
- Price spread: −0.101% → +0.063%
- −$16.33
- Slippage, 4 orders
- −$86.17
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$42.5
- Costs to cover
- 1.082%
- Break-even
- 10.6 days
Slippage from HTX: live order book, 55 min ago; Kraken Futures: live order book, 56 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 55 min ago | 11.45 bp | 21.9 bp −$22 | 2833.6 bp −$28.3K | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 56 min ago | 18.57 bp | 32.8 bp −$33 | 75.2 bp −$752 | doesn't fit | doesn't fit |
OP on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1488% | 1h | 0.1262 | −0.324% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1264 | −0.130% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1266 | −0.008% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1264 | −0.166% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1265 | −0.088% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0032% | 8h | 0.1263 | −0.269% | $6.2M | $28.8M | 50x | as long as short |
| Variational Omni OP | +0.0051% | 8h | 0.1269 | +0.261% | $224K | $50K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1264 | −0.166% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1264 | −0.174% | $279K | $936K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1264 | −0.134% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1265 | −0.123% | $211K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1263 | −0.261% | $20.4M | $60.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1262 | −0.300% | $18.5M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1264 | −0.190% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | −0.237% | $20.9M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1263 | −0.245% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1263 | −0.245% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | −0.245% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1263 | −0.229% | $121K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1266 | +0.031% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1266 | −0.008% | $310K | $4.8M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | +0.071% | $43K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1264 | −0.190% | $182 | $6K | 5x | as long as short |
| HTX OP-USDTlong | +0.0100% | 8h | 0.1266 | long leg | $175K | $216K | 50x | |
| Extended OP-USD | +0.0104% | 1h | 0.1262 | −0.309% | $106K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1264 | −0.127% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1278 | +0.940% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1264 | −0.182% | $1.0M | $278K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1264 | −0.197% | $703 | — | 20x | as long as short |
| Kraken Futures PF_OPUSDshort | +0.0490% | 1h | 0.1265 | −0.101% | $798K | $572K | 20x |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP